Business directories: the need to have the most diverse talents

2023-08-27 06:42:41

The latest edition of the Board Index by Spencer Stuart provides us not only with insights into the practices and profiles of the boards of major publicly traded companies, but also a snapshot of the momentum that diverse talent has had over the past few years. last years.

To put it in figures, we have seen that one of the main pending issues continues to be the slow speed at which the gender diversity agenda is advancing both in our country – where women represent 10.6% – and in Latin America in general. , where Brazil, which is the leader in the region, today has a representation of only 13.6% vs. 32% in the US, despite current regulations.

What different trend do we see in the US when it comes to advancing the diversity agenda? We see a clear focus on broadening the pool of available candidates, bringing in independent directors with functional backgrounds versus focusing on pure CEO experience. Directors with experience in digital transformations, artificial intelligence, supply chain, sustainability, cultural transformations, international expansions become part of the Boards dynamics, accelerating the learning curve of boards in the construction of the strategic agenda on these topics that are critical in today’s context. The Board Index S&P500 shows that 72% of the new directors incorporated this year were diverse, 33% of the sample does not come from the segment of CEOs.

The role of the board of directors is to review and approve the strategy, define the risk matrix and the allocation of capital to develop that strategy, measure progress once morest budgets, and assume responsibility for the succession of the CEO. In the US we also see that the new generations –under 50– are beginning to play a more leading role in spaces that were previously foreign to them, promoting the inclusion of their perspective in the co-construction of long-term strategies.

The objective is to add intelligence, experiences and perspectives to integrate them into a network, because today we know that learning curves are accelerated in this way, particular variables are considered that reduce the margin of error and yields are improved.

The role of the presidents of the board of directors is fundamental in the dynamics of the boards when it comes to generating spaces that favor the fluidity of this exchange and the consequent enrichment that multiple perspectives produce when building more comprehensive scenarios in response to contexts of crisis and uncertainty. .

The value of these formats lies in the activation of collective intelligence.

* The Girlfriend by Spencer Stuart.

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